Caesars Entertainment, Inc. (NASDAQ:CZR) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR) by 13.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 432,322 shares of the company’s stock after selling 68,546 shares during the period. Nordea Investment Management AB’s holdings in Caesars Entertainment were worth $14,509,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CZR. Huntington National Bank boosted its stake in Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after acquiring an additional 833 shares during the period. UMB Bank n.a. bought a new position in Caesars Entertainment during the 3rd quarter worth $51,000. Quarry LP acquired a new stake in Caesars Entertainment in the third quarter worth $68,000. GAMMA Investing LLC lifted its stake in Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after buying an additional 403 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after acquiring an additional 248 shares during the period. Institutional investors own 91.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JMP Securities dropped their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a report on Monday, November 25th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Jefferies Financial Group reduced their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, Macquarie reiterated an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average target price of $52.43.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $31.98 on Thursday. Caesars Entertainment, Inc. has a twelve month low of $31.66 and a twelve month high of $47.99. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The firm has a 50-day moving average of $36.67 and a two-hundred day moving average of $38.26. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of -19.15 and a beta of 2.90.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. As a group, analysts expect that Caesars Entertainment, Inc. will post -0.56 earnings per share for the current fiscal year.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.